Investment funds in the Cayman Islands is a rather topical issue for many professional investors, since over time they need to open an investment fund.
The consequence of this is the question of where such a fund will be opened. Statistics show that the choice of a country depends on many conditions. But most of the creation takes place in the Cayman Islands.
CIMA is a government body that exercises the functions of regulating finances in the Caymans. It is he who provides the licensing of funds and their opening.
Licensing is controlled through the Law on Mutual Funds. He establishes the concept of mutual investment.
Shares include institutions registered on or outside the islands when managed from the islands. They should provide the possibility of equity participation in order to sum up deposits, share risks and make a profit.
On the territory of the Cayman can register many types of funds.
According to the legal structure, funds can be divided into several types:
These funds in the Cayman are divided into several types:
Not all funds are required to register. There are species exempted from this. These include:
Manage the organization with a minimum number of directors – two. They are obliged to carry out annual registration and have the right to regulate the goals and objectives of the fund.
A trustee, administrator and manager can also be appointed. These positions are not among the mandatory, however, most of the company appoint them, as this greatly facilitates the opening of the fund, bank accounts and the activities of the organization as a whole.
The terms, as well as the cost of the fund, are individual. This is due to the large number of types of structure, goals and services.
To determine the approximate dates, an understanding of the initial goals of the funds is required. The acquisition of a license on the islands itself can drag on for a period of three months to a year. It depends on the type of fund and the availability of qualified and registered employees.
Our company is based on experience with this sphere and Eternity Law International specialists will be happy to рrovide you with assistance in resolving this issue.
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